Diminished Value in Auto Accident Claims
When it comes to car accident claims, one concept that is often overlooked is "diminished value." This refers to the reduction in a vehicle's worth after it has been involved in an accident or sustained significant damage. While most of us know that we can file a claim for the cost of repairs and personal injuries sustained in an accident, you may not be aware that you can also file a claim for diminished value to your vehicle. Let’s take a closer look at what diminished value means and how it factors into auto accident claims. What is Diminished Value? Diminished value...
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